Nordea's Chief Economist: Political risks have increased significantly
Global growth continues at a moderate pace. The US economy was boosted after the presidential election, while Europe is trying hard to catch up. Uncertainty is high and increasingly linked to political developments. Monetary policy rate cuts are coming to an end, and growth in the Nordic region will likely chiefly be driven by domestic demand in the coming year.
While the highest ambitions of the Paris Agreement seem increasingly difficult to meet in the current global political landscape, there is still progress to be found. Three of our sustainability experts discuss the impact of the US election and COP29 and what it will mean for the transition plans many Nordic companies are working with.
2025 – what can impact your economy during the year?
As we approach 2025, it's crucial to stay informed about economic trends that may impact your financial decisions. Our experts have provided valuable insights for each Nordic country:
Climate transition in the Nordic land transport sector: Navigating change
Regulatory pressures, technological innovation and rising customer expectations are all driving action when it comes to sustainability in the land transport sector. Mikko Hirvonen, Senior ESG Analyst, outlines the key factors shaping the industry’s transition.
European Energy: More ambitious and immediate action needed to reach Paris Agreement goals
What role does the renewable energy transition play in global efforts to limit climate change? What are the main challenges? For insights, our Nordea On Your Mind team spoke to the CEO and co-founder of renewable energy project developer European Energy, Knud Erik Andersen.
Chief Economist's Corner: Will Trump be a wake-up call for Europe?
Economic and political problems are currently piling up in both Germany and France. But perhaps Trump's re-election will be a catalyst for major pan-European reforms.
Expert spotlight: Meet the people behind the insights
Get to know the experts behind our sustainability work. In this interview series, we explore their career journeys, what inspires them and the insights they’ve gained along the way.
Ovako: Almost all new business won in the past year has a strong sustainability profile
What does the green energy transition look like in an energy- and emission-intense steel industry? For answers, our Nordea On Your Mind team reached out to niche steel producer Ovako’s CFO Erik Bohman.
COP29 ended with a new climate finance goal, but the participating countries couldn’t agree on wording describing how countries should move away from fossil fuels. Our sustainability experts Matti Kahra, Tiina Salonen and Stefan Henningsson analyse the outcomes of the global climate summit.
Climate change is already causing major economic damage. The only way to stop it is for the world to invest in the transition to renewable energy. This will require 2.3% of global GDP to 2050, which is significant, but doable. In their last report, “Energy transition,” our Nordea On Your Mind team explores what investments will be needed and how they could be funded.
UNFCCC Senior Director: We have work to do to hit Paris Agreement targets
How can the investment needs of the Paris Agreement be met? What are the differences in climate action needs across world regions? For answers, take a dive into this Nordea On Your Mind, “Energy transition,” interview with Daniele Violetti, Senior Director at the UNFCCC.